Analyst thoughts: US 10 Year Bond - Medium Term
VIEW RETAINED FOR ALTERNATIVE OUTCOMES
The expected upward break out of the PQ continuation pattern has activated the illustrated view of a bear phase to the TA1 area.
Phase 1 gains have been slow and somewhat overlapping. There are 2 feasible alternatives:
The preferred and illustrated view is for further slow and gradual upside towards TA1 as the market dissolves remaining bearish momentum.
The Recent upside off S2 (labelled 1) is still part of the larger R1/S2 consolidation phase. The bear trend to TA1 will then be postponed and further complex and sideways price action will prevail in the immediate future.